When Spectrum Acqstn Hldgs Inc (PINK:SPAH) received a generous promotional injection a couple of days ago, SPAH stock ended up almost doubling its market value. Unfortunately to many market players, however, SPAH’s surge was so short-lived that most of them could not reap any benefits thereof.
Indeed, SPAH surged a staggering 84% on Dec. 19 and that was pretty much the end of its reign on the charts. Over the course of the next three trading sessions, SPAH lost an aggregate 23% going down from $0.47 to $0.36 per share. A total of 17 million shares changed hands within this time frame, which is indicative of investors’ increased interest in this stock.
Now that SPAH has shrunk considerably, it is unlikely that investors will continue to trade SPAH heavily, at least not until a new promotional round takes place. Because, the current situation is nothing else but the same movie being rerun for the zillionth time, i.e the same emails sent by the same promoters.
SPAH’s recent chart performance is indicative of its high susceptibility to pump and dump schemes. However, this is only possible in the immediate term. To achieve sustainable market growth, a mere paid promotion will hardly prove right. Rather, it is the company’s managerial body that holds the key to such a scenario.
